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$315,000

Beds
4
Baths
2.5
sq ft
2,000

1235 Riverside Dr Unit H3, Gainesville, GA 30501

1235 Riverside Dr Unit H3

Gainesville, GA 30501

  • 3 days on market
Prime investment opportunity with an income-producing apartment on the lower level! This exceptional condo offers a rare chance to own a home with a fully finished, income-generating apartment on the terrace level—overlooking the sparkling community pool! Perfectly positioned in an unbeatable in-town Gainesville location, you're just moments from grocery stores, medical facilities, Brenau University, shopping, and incredible dining. Walk to Riverside Park and Publix with ease! The main level welcomes you with a spacious living room, kitchen, and dining area, along with a laundry room, half bath, and a charming glass-enclosed sunroom. Upstairs, you'll find three comfortable bedrooms and a shared bathroom. The terrace level has been thoughtfully designed as an independent rental unit, featuring its own private exterior entrance, a bedroom, full bathroom, laundry, and a fully equipped second kitchen. For those seeking multi-generational living, the interior stairwell could easily be reopened, transforming the space into a seamless in-law suite. Whether you're looking for a smart investment, extra rental income, or a versatile living arrangement, this property is a rare find in Gainesville’s thriving market. Don't miss out on this exceptional opportunity!

Details

Property type

Condominium

Est. home value

$265,735

Lot size

1,307 sq ft

Price per sq ft

$158

Year built

1969

Annual property taxes

$345

Monthly HOA fee

$250

Price History

02/20/2025
FMLS

FMLS #7528280

Listed
$315,000
-9.74%
01/18/2025
FMLS

FMLS #7423967

Removed
$349,000
07/19/2024
FMLS

FMLS #7423967

Listed
$349,000
+42.45%

Schools & Community

Elementary school: 

Enota Multiple Intelligences Academy

Middle school: 

Gainesville East

High school: 

Gainesville

Community features: 

Pool

Number of units in community: 

47

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Premier Processing

Loan start date

September 2022

Original loan amount

$196,000

Est. remaining balance

$189,284

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Amanda Mae Martin and Wendy Elizabeth Martin

Lender

Premier Processing

Loan start date

September 2022

Original loan amount

$196,000

Est. remaining balance

$189,284

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Amanda Mae Martin and Wendy Elizabeth Martin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 4:10 PM

Listing updated: 02/21/2025 at 8:05 AM

Listed by: Patti J Chambers, Keller Williams Lanier Partners Phone #: (770) 503-7070

MLS: FMLS #7528280

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